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Tax rates in Massachusetts decreased this year...

on average across the state, with the median residential tax rate falling to $15.27.  In some places, like Gloucester, Peabody, and Salem, you'll see a price cut on your tax bill for 2020, while places like Essex and Hamilton still went up 50 cents or more per $1000 in assessed value.  Take a look to see how your North Shore city compares:


Decreased

Gloucester: $12.33 down from $12.69

Peabody: $10.74 down from $11.01

Salem: $14.45 down from $15.10

Beverly: $12.83 down from $13.21

Danvers: $13.06 down from $13.28

Ipswich: $14.02 down from $14.09


Increased

Manchester: $11.70 up from $11.23

Essex: $16.29 up from $15.37

Rockport: $10.10 up from $9.86

Hamilton: $16.98 up from $16.48

Wenham: $18.94 up from $18.02

Not sure what this means for you?

If you're looking to buy a home in a few different cities, we're happy to help explain how residential tax rates impact your buying power.  Give us a call for further explanation!

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